This Fund Took Steep Losses Due To The War In Ukraine – ValueWalk Premium
Ukraine

This Fund Took Steep Losses Due To The War In Ukraine

Brook Asset Management declined 9.1% for the first quarter, compared to the MSCI World Total Return GBP Index's -2.39% return. The fund's long book drove its negative returns, declining 17.69% and delivering negative alpha. Brook's short book returned 8.32%, recording strong alpha in the process.
Macro Impacts
In his letter to investors, which was obtained by ValueWalk, Portfolio Manager James Hanbury said Brook's long book was caught up in the war in Ukraine as its four Russian stocks plummeted 14.26%. Hanbury noted that the dominant macro theme was whether the world . . .

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